Nowadays you get all types of loans, be it your personal loan, home loan, car loan or anything else, you can even take a loan to buy your smartphone or to buy anything, you can convert it to EMI and make it affordable. So overall loans are everywhere and student loans are also very popular these days, more people take student loans so that they can go to a good university and complete their studies. Everyone has different plans and some people determine their status in this way. They know that if they pursue a course or obtain a degree from a particular university, then their placement is guaranteed and even after that they easily repay whatever is offered to them. But not everyone is so lucky that they repay their student loan on time. Some people keep paying the installments for a long time to repay it. Not everyone life is the same there is bound to be some difference in everyone life.
So if we talk about student loans, student loans are very popular these days because what happens in this is that till the child education is not completed, they do not have to pay any kind of installment, whatever interest is there in these is very low. The interest is 6 to 7 percent and that too you have to pay when you start working somewhere and after the education is over. Well friend, there are a lot of convenient things because some people are very talented but they lack money due to which they can take such steps but I think not everyone can get a loan easily, now you can get personal loans but student loan is a little different. Yes, maybe if a particular person is very intelligent then maybe on that basis also he would be given some priority and it should be so.
Every single thing has two sides, just like a coin has two sides similarly every thing has two sides and it is the same here too. If something is good then it can be bad too. It can be bad in the sense that if a person has studied from any university and after that he is not able to do a job, if he does not get a job then problems arise because the bank will then ask you to repay the loan because when you have taken such a big loan then after that the bank will probably not let you go so easily. And this is what happens in most of the cases. But for those people who get a job, things become easy for them, they deposit their installments from time to time and maybe in this if you get a good job then you can deposit the money in one go as there is an option in home loan and personal loan after 1 year. imagine if the student did not get a job, if today they get a low paying job then their problems may increase and for them I feel that some laws should be made.
If the loans of students are waived off, then in such a situation the banks will recover it from somewhere or the other and if a lot of it is taken from your pocket in the form of tax, then how will you feel. Look, I feel that if a person is talented and for some reason he is not able to repay his loan because everyone's circumstances are different, whenever a person does a job then the family members have a lot of expectations from them and they want that them will do this for them, he will do that things keep going, then in such a situation if he is not able to repay the loan then it will not be a surprising thing. But some people, on the contrary, are very spendthrift and when they get their salary, they spend it and buy expensive things and show off.
I would say that first of all they have to differentiate who is presenting fake things and who is not because now a lot of people are involved in illegal activities everywhere. So if the bank is going to waive off the loan of a student then first it should do some investigation whether the person is lying or telling the truth and only after that things should be done and I feel that if a person is talented and we can help him in any way then we should do it which will be good for our society as a whole. What do you think about this?
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